Last week, market oscillated at higher level which made some blind traders to create shorts.
As per one media report Denmark is the hottest market US is the 4th hottest market while India is the 10th hottest market. China is one of the coolest market in the world which means the possibility of losing money in the short term is less in China while Indian markets are dangerously positioned in the short term.

Though it is true that the valuation is not there in the Indian market, one cannot expect it to go down to 7000 or even 8000 in the current scenario. While many would say that the market would go down now please recall the father of value investor, Benjamin Graham who once quipped the market is a voting machine in the short run, it is a weighing machine in the long run. The Sentiments favour the market in the short run and hence we could expect it to go higher now. Long term investors should not venture into the stocks while skilful technical traders can easily extract good money from the market. BJP victories in UP has paved way to go in for reforms which would boast up the sentiments now.

Coming back to yesterday’s investors meet we had a good gathering and the members had a nice group discussion on how to plan for retirement fund. We also discussed how not to invest in the shares in the peak valuation and where to park our fund during the mad times.

It is going to be a funny week as the F&O are going to expire now. However nothing bad is expected now and we expect window dressing at the end of the financial year end. Yes every year around this time, as we barrel toward the end of March, because of year-end mutual fund engage in window dressing. It is the process in which fund managers keep exiting their losing positions in part to match appropriate gains and losses for tax purposes. In other words, it is a simple process of managers hiding their mistakes or adding winners to make them look a little smarter. This is called window dressing and hence we do not expect any major downtrend in the current week.

Enjoy the market in the window dressing week and we would come out with a new report in the first week of the new financial year.